HMG/Courtland Properties principal activities are ownership and management of income-producing commercial properties. The properties owned by the company include a hotel, private club and marina located in Coconut Grove, Fla.; a shopping center in Jacksonville, Fla.; and undeveloped land in Houston. The company acquires its real estate and other investments utilizing available cash, trading securities or borrowing funds. It has invested its available cash in income producing debt and equity instruments. Its primary source of recurring operating revenue is from rental and related properties. The company, through its subsidiaries, invests in certain limited partnerships and other entities that invest venture capital funds in growth oriented enterprises. HMG/Courtland Properties is located in Miami.